Fitch Ratings: Global sovereign credit conditions are neutral entering 2025, as an only mild slowdown in world economic growth and further cuts to policy interest rates are balanced against persistent pressures on public finances and elevated geopolitical risks, Fitch Ratings says in its Global Sovereigns Outlook for 2025. Uncertainty over post-election US policies and their…
Shaping Sri Lanka’s Future: Transformational Growth Rooted in Sound Economic Policies The 24th edition of the Sri Lanka Economic Summit organised by The Ceylon Chamber of Commerce will take place on January 28th and 29th at the Shangri La Hotel, Colombo. Held under the theme “Shaping Sri Lanka’s Future: Transformational Growth Rooted in Sound Economic…
SriLankan Airlines recently celebrated the seventh anniversary of its Melbourne-Colombo route, launched in 2017. Since then, the airline has successfully connected many Sri Lankan expatriates and students to Melbourne, while providing seamless travel options for tourists travelling between Melbourne, Sri Lanka and beyond, particularly destinations across India. With steady growth in traffic, including tourist arrivals…
(Reuters) – Sri Lanka’s central bank is expected to renew easing of interest rates on Wednesday, with a reduction of a quarter percentage point, as it looks to boost economic growth during the island nation’s recovery from a lingering financial crisis. The median estimate in a Reuters poll of 13 analysts and economists predicts the…
Dr. Kithsiri Manchanayakke, a past Chairman of the Federation of IT Industry Sri Lanka (FITIS), has been re-elected as Vice President of the Asian-Oceanian Computing Industry Organization (ASOCIO) for the 2024-2026 term. This appointment was confirmed during ASOCIO’s annual general meeting and conference, recently held in Tokyo, Japan. ASOCIO is a regional organization with 23…
Ambassador of Sri Lanka to Romania Madurika Joseph Weninger, and Secretary of State at the Romanian Ministry of Labor and Social Solidarity, Gheorghita Daniela Barbu engaged in discussions recently. The meeting, which was a follow-up to the bilateral discussions held in July, 2024, underscored the growing cooperation between Sri Lanka and Romania in labour and…
Reuters – A U.S. agency said on Sunday that it is reviewing the impact of Department of Justice bribery allegations against the founder of India’s Adani Group on the agency’s prior agreement to lend more than $550 million to a Sri Lankan port development backed by the group. The U.S. International Development Finance Corp last…
CSSL proposed to establish a Chartered ICT Professional Entity for Sri Lanka The Computer Society of Sri Lanka (CSSL) proudly inaugurated the 42nd edition of the National Information Technology Conference (NITC) 2024, under the transformative theme “Catalyzing the Progressive Future Towards Society 5.0”. This year’s conference brings together luminaries from the technology, policy, and academic…
As part of the Voyage Sri Lanka 2024 initiative, a group of 20 potential foreign investors from countries including India, Saudi Arabia, Maldives, France, Japan, Thailand, the United States, and Cambodia visited the Trincomalee and Hambantota ports on November 24th and 25th. The visits aimed to showcase Sri Lanka’s potential as a hub for maritime…
The Asian Development Bank (ADB) has approved a $200 million loan to upgrade Sri Lanka’s power sector infrastructure, enhancing the reliability of transmission and distribution networks and facilitating greater integration of renewable energy. “Driving power sector reforms, combined with targeted infrastructure interventions, is essential to facilitate competitive renewable energy development and reduce power generation costs,”…
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